Current Data

U.S. Cannabis Spot Index down 2.9% to $1,320 per pound.

The simple average (non-volume weighted) price decreased $79 to $1,476 per pound, with 68% of transactions (one standard deviation) in the $754 to $2,198 per pound range. The average reported deal size declined to 2.0 pounds from 2.2 pounds last week. In grams, the Spot price was $2.91 and the simple average price was $3.25.

The relative frequency of trades for indoor flower decreased by 3% week-over-week. The relative frequency of transactions involving outdoor product increased by the same proportion, while that for greenhouse flower was unchanged. Greenhouse flower’s share of the total documented weight moved nationally expanded by 1% this week. The relative volume of warehouse product shrank by the same proportion, while that for outdoor flower was stable.

The U.S. Spot Index declined by 2.9% this week to settle at $1,320 per pound. Downturns in three of the five major markets pulled down the national average, as Washington State and Nevada were the only states of that group to see rises in their Spot prices, and modest ones at that. Additionally, rates slid downward in the secondary markets of Illinois and Michigan, which had earlier this year been applying upward pressure on the U.S. Spot. Reports from Oregon indicate that the bulk of the summer light-deprivation crop has not yet come in, with new, fresh supply expected to hit the market later this month or in early September.  

The national volume-weighted price for flower to be sold to general consumers decreased this week on downturns in that sector of the market in California and Colorado, as well as in Oregon. 

Prices for medical flower rose this week. Rates for product designated for registered patients saw upticks in Washington State, Nevada, and Massachusetts, while the medical-only markets of Maine, Connecticut, D.C., and Vermont experienced increases in their Spot prices.